Tag: fast
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AI startup Genspark valued at $2.6 billion in latest funding round
June 17 : Technology company Genspark.ai said on Wednesday it had raised $100 million in its extended funding round that valued it at $2.6 billion, underscoring strong investor appetite for AI companies developing workplace productivity tools.The round was backed by existing investors including Sozo Ventures,
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Dutch road authority says 40,000 Teslas in the Netherlands using ‘self-driving’ software
AMSTERDAM, June 17 : The Dutch road authority said on Wednesday that 40,000 Teslas in the Netherlands had begun using the carmaker’s “full self driving” driver assistance software and had collectively driven 24 million kilometers (14.9 million miles) so far without any serious incidents.The RDW agency, which
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Saab invests $13 million in defence technology company Comand AI
COPENHAGEN, June 17 : Swedish defence equipment maker Saab said on Wednesday it had invested €11.1 million ($12.9 million) for a 10 per cent stake in Paris-based defence technology company Comand AI.• The investment will help Saab develop its command and control capabilities (C2) as well as its capabiliti
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SLB expects additional $10 billion in annual digital spending by 2030
June 17 : Oilfield services provider SLB said on Wednesday that it expects to incur an additional $10 billion in annual digital spends by 2030.At its Digital Investor Day, the company said that with accelerated adoption of artificial intelligence, the total digital market could reach as much as $50 billion by
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Dollar firms as markets await Fed decision and Warsh debut
NEW YORK, June 17 : The dollar edged higher on Wednesday ahead of the conclusion of the Federal Reserve’s two-day policy meeting, the first to be chaired by Kevin Warsh, with markets closely watching for any signs of a hawkish shift from policymakers.The Fed is widely expected to hold its benchmark rate stead
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Quantum tech firm EigenQ to go public in $3 billion SPAC deal
June 17 : EigenQ will go public through a merger with blank-check company Silicon Valley Acquisition in a deal valuing the quantum tech firm at about $3 billion, they said on Wednesday.EigenQ’s core business includes making cybersecurity systems that will protect networks and devices from future attacks by po
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Allbirds rebrands as Smartbird in AI pivot, hires former AWS executive as CEO
June 17 : Allbirds changed its name to Smartbird on Wednesday and appointed former Amazon Web Services executive Nadia Carlsten as president and CEO, cementing the former footwear maker’s pivot to an AI infrastructure firm.The company had said in April it was shifting its focus to offer cloud computing capaci
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Genspark.ai valued at $2.6 billion in latest funding round
June 17 : Technology company Genspark.ai said on Wednesday it had raised $100 million in its extended funding round that valued it at $2.6 billion.The Palo Alto, California-based company said the extension increased its total Series B financing to $485 million.The funding comes as investors continue to
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US stocks inch higher ahead of Fed decision
NEW YORK: Wall Street stocks edged higher early Wednesday (Jun 17) as markets looked ahead to Kevin Warsh’s first Federal Reserve decision announcement as chairman and digested data showing increased US retail
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British charities lose out as under fire bookmakers drop Royal Ascot support
ASCOT, England, June 17 : British charities will lose out on almost half a million pounds in donations from Royal Ascot this year after bookmakers ended support for a major charity race initiative as the gaming sector adjusts to higher taxes and stricter oversight. Since 2021, gambling companies including Be
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